A lot of people forget that we got 0% last year. The company's bench-marking does not take into account what other pilots make at all, but it is in line with what most other "raises" will be this year. We are way behind in terms of wage only.
The company is happy.... because it knows some yahoos here will want this offer. It also knows that this will be a breaking point for some and they will leave. Then, they can replace these pilots with cheaper C scale, no housing, CEA, etc... workers that heard about CX through "I can fly" rather than flying airplanes for a living.